Maxim starts Unusual Machines at Buy, sees more focus on domestic drone sourcing

As previously reported, Maxim initiated coverage of Unusual Machines (UMAC) with a Buy rating and $18 price target The company generates steady demand from hobbyist customers and is entering military drone components through dual-use items, with material sales expected in Q4, the analyst tells investors in a research note. Maxim adds that it sees revenue growth of 98% to $12M in 2025 and 67% in 2026 to $20M, supported by an accelerated focus on domestic drone sourcing by bipartisan legislation and the incoming U.S. administration.